Freddie Mac acting CFO found dead in apparent suicide

By Sam Mamudi
from MarketWatch
April 22, 2009

NEW YORK (MarketWatch) -- The acting chief financial officer of Freddie Mac was found dead at his home Wednesday morning in an apparent suicide, according to published reports.

David Kellermann, acting chief financial officer at Freddie, was found dead at his home in Fairfax County, Va., The Wall Street Journal reported.

The Journal quoted a police spokeswoman as saying "there are no signs of foul play." Broadcast reports said Kellerman's wife had told police he committed suicide.

Kellermann was named acting CFO in late September, three weeks after the government took control of Freddie. He was previously senior vice president and corporate controller at the firm.
His death comes as staff from the Securities and Exchange Commission and Justice Department have been probing the finance company about issues including possible accounting violations, paper reported.

The Journal said Freddie (FRE: Freddie Mac disclosed the investigation in March filing, and the firm said it is "cooperating fully in these matters."

According to the Journal, Freddie said in filings that it received a federal grand jury subpoena from the U.S. Attorney's Office for the Southern District of New York in September. The subpoena sought documents related to accounting, disclosure and corporate governance matters, said the paper.

But that subpoena was later withdrawn and the investigation was taken over by the U.S. Attorney's Office for the Eastern District of Virginia, added the Journal, and Freddie said the SEC is also investigating and has told it to preserve documents.

Freddie Mac has received more than $30 billion in government support as the mortgage and credit crisis intensified.
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